Kathmandu. The ongoing war between the US, Israel and Iran has escalated global tensions and created a global crisis over crude oil. <\/p>\n
Major oil producing countries such as Qatar, Kuwait and Iraq have decided to cut production amid the war. This has raised concerns. Iran’s blockade of the Strait of Hormuz has exacerbated it. <\/p>\n
Meanwhile, US President Donald Trump has given a major signal to stop the oil shortage. He is lifting sanctions on some countries. This has fueled speculation that the US will also lift sanctions on Russian oil. <\/p>\n
US President Donald Trump is considering easing sanctions on Russia to curb a spike in crude oil prices, according to media reports. He could temporarily lift the Russian oil embargo. It said the Trump administration is considering easing sanctions on Russian oil to curb the sharp rise in global energy prices caused by the US-Israel war with Iran. <\/p>\n
Speaking to reporters in Florida, Trump said that the Trump administration is trying to stabilize the oil market and as part of that, it is lifting sanctions on some countries. Sanctions on some countries are being lifted until peace is restored in the Strait of Hormuz. The move is aimed at boosting global oil supplies amid disruptions in oil supplies caused by the Middle East war. This will ensure that there is no global oil shortage. \u2019<\/p>\n
The war in the Middle East continues. Iran and the United States have warned each other about the possibility of more war. Iran has carried out several attacks in the Gulf region. These include the Bahrain’s petroleum complex in Al Ma’amir. <\/p>\n
Iran’s Revolutionary Guards (IRGC) has said it will ensure an end to the war. <\/p>\n
Meanwhile, President Trump has said that there is nothing left with Iran militarily. “The Iranian navy has collapsed and everything is underwater,” he said. \u2019<\/p>\n
Brent crude oil rose more than 25 percent on Monday. This is the first time since 2022 that a barrel has crossed $100 a barrel. It was more than 115 per barrel. But after Trump’s statements about the Iran war, there was a sudden sharp decline. It settled around $91 a barrel. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. The ongoing war between the US, Israel and Iran has escalated global tensions and created a global crisis over crude oil. Major oil producing countries such as Qatar, Kuwait and Iraq have decided to cut production amid the war. This has raised concerns. Iran’s blockade of the Strait of Hormuz has exacerbated it. Meanwhile, […]<\/p>\n","protected":false},"author":16,"featured_media":76877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-290235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=290235"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290235\/revisions"}],"predecessor-version":[{"id":290236,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290235\/revisions\/290236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/76877"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=290235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=290235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=290235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}